The operator of one of Australia's largest electricity networks, Essential Energy, has selected the Copperleaf C55 decision analytics solution to support its investment planning and decision-making processes.
A New South Wales Government-owned corporation, Essential Energy delivers essential network services to more than 800,000 homes and businesses across 95 percent of New South Wales and parts of southern Queensland.
With a focus on continuously improving safety performance, operating at best industry practice, and minimizing network charges to customers, Essential Energy recognized an opportunity to enhance its ability to optimize capital projects, manage risk, and meet regulatory and customer-driven performance targets.
Copperleaf C55 provided a solution that will allow them to identify the optimal set of investments and timing that deliver the greatest value to the organization across multiple portfolios.
"The energy industry in Australia is undergoing significant change with an increasing need to improve efficiency and Essential Energy needs to meet that challenge," said Essential Energy's Acting General Manager, Asset Management, Paul Brazier. "Having such a large geographical footprint it is imperative that we manage our assets as effectively and efficiently as possible."
CEO of Copperleaf, Judi Hess, said she was excited to welcome Essential Energy to the growing community of companies using Copperleaf solutions in Australia and around the world.
"This highlights the increasing demand in the Australian market for decision analytics, and is in recognition of C55's unique ability to help leading energy companies proactively manage risk and improve their overall performance by selecting the optimal set of investments."
"We are honored to have been selected by Essential Energy and look forward to working together with our partner ARMS Reliability to help Essential Energy achieve its goals.
"We are thrilled to see asset investment planning gaining such momentum in the Australian power utility industry. Essential Energy marks the third electricity organization where we will support the implementation of Copperleaf's C55 solution," said Jason Apps, CEO of ARMS Reliability. "Our team looks forward to supporting Essential Energy in their mission to optimize investments, maximize value and deliver reliable and sustainable power across Australia."